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Although renting privately is regarded as a short-term measure in the UK, Lemontree has noticed an increase in average tenancy length since it began in 2009.
Research on Lemontree’s portfolio shows that over 60% of its tenants have rented for two years or longer, with this figure expected to rise with emergence of ‘Generation Rent’.
Despite claims that increasing rents in the UK are causing a debt crisis for tenants, Lemontree can report a more positive outlook with little change in tenant arrears in 2013.
With over 200 properties in our portfolio in a tenancy agreement, we are seeing a positive picture with average rent arrears of just 0.5%.
Over half of landlords in the UK expect tenant demand to increase in 2014, with four in 10 reporting growth in the last six months, a new survey shows.
Overall, 58% of landlords predict tenant demand will grow in the next 12 months and nearly a fifth expect to expand their portfolios in 2014, the latest landlord sentiment survey from LSL Property Services found.
At Lemontree, we are proud to be a registered member of the Association of Residential Letting Agents (ARLA), and news that its advertising is hitting the small screen has come as a great start to the New Year.
From this week, adverts for ARLA will begin broadcasting on channels including ITV4, Home, Sky Atlantic, Sky Living and Discovery Home & Health to remind customers of the importance of choosing a licensed agent.
The Lemontree team would like to wish our landlords, tenants, friends and associates a very Happy New Year.
